Yes, location is very important, but buying it at the right time is also important. Properties of the rich and famous are not immune to collapse. See what happened to the properties in the US.

Granted that properties appreciate over the longer term, but if one is buying for investment, one will want to maximise returns. To maximise returns, one has to be patient, a key ingredient with all highly successful investors. Another key ingredient is making and taking decisive decision when there is fear and panic. As Warren Buffet put it "Buy when there is panic and fear. Sell when there is euphoria."

Buying when there is fear and panic is easier said than executed. BUT one must be brave enough to make and execute this decision. Executing the decision in such environment is extremely difficult because majority of your friends will give very downbeat comments and increases your fear. Not many have the courage to execute the decison, although in their heart, they think it is the right time to buy.

Do you think our property market is in fear or euphoria state? If you think it is close to state of fear, go ahead and buy it. But if you think it is close to euphoria, you may want to wait for another day.

Property investment requires huge capital. One bad decision can set you back many years.

Go buy the book and read it first....I hv invested in many properties over the years but the last few years have been super fantastic after reading books written by trump and kiyosaki..what happened in US is different if u understand what had happened..we are nothing close to what happened there thanks to badawi..we were stupid enuf not to be joining the sub-prime game and it turned out to hv save our skin...

Well, I read Warren Buffet and all that he writes. I am an investor in properties and stocks too. And I follow his general rule "Be greedy when there is fear and panic and be wary when there is euphoria". It has worked very well for me.

Properties in Malaysia today are really cheap compared to the past few years, so I think that it is best to buy a property today and wait it to increase after a few years or so._________________Phoenix Real Estate

Well i think it is quite an overwhelming sign. It makes me wanna buy property the moment i saw that sign. Anyway i believe you should do a thorough research and decides on that.
Executing the decision in such environment is extremely difficult because majority of your friends will give very downbeat comments and increases your fear. Not many have the courage to execute the decison, although in their heart, they think it is the right time to buy.

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